A difference between money issued by colonies and money issued by the continental congress was that money issued by each colony was:

An investor is in a 30% combined federal plus state tax bracket. If corporate bonds offer 9% yields, what yield must municipals offer for the investor to prefer them to corporate bonds? (Round your answer to 1 decimal place.)

Sable Company uses direct labor hours as the cost allocation base for allocating manufacturing overhead. At the end of the period overhead is underallocated. This implies that. A) Overhead costs were lower than expected.

Assume a company buys a machine worth $1 million and pays for it by borrowing the funds from a bank. The firm's assets will rise by $1 million and its liabilities will also rise by $1 million. Owners' equity will not change. a. true. b. false.

ack and Jackie had been living together in Kansas for about a year. Jack wanted to marry Jackie, so he bought a $10,000 engagement ring and romantically gave it to her when they went out to dinner.

On the first day of the fiscal year, Hawthorne Company obtained an $88,000, 7-year, 5% installment note from Sea Side Bank. The note requires annual payments of $15, 208, with the first payment occurring on the last day of the fiscal year.

Why is there no federal agency that regulates insurance companies?

The chapter says that for consumers as a group, Quiznos sandwiches are normal goods and Subway sandwiches are inferior goods.

Suppose that a firm produces 200,000 units a year and sells them all for $10 each. The explicit costs of production are $1,500,000 and the implicit costs of production are $300,000. The firm has an accounting profit of: a.

John has applied overhead of $80,000 and actual overhead of $70,600 for the month of November. He applies overhead based on direct labor hours, and that amounts to 10,000 hours for the month of November.

Under market organization, individuals can communicate their preferences to other decision makers directly, through communication, but not indirectly, through their choice of whom to transact with. A) True B) False